RNS Number : 4144T
STV Group PLC
17 March 2023
 


STV Group plc

Director shareholding                                                              


17 March 2023


LEI: 21380075GOOTTBDNDJ58

The following share awards were granted today, 17 March 2023, at a price of 252 pence per ordinary share (the closing share price on 16 March 2023):


2023 Long-term Incentive Plan

A total of 609,473 conditional nil cost share awards of 50p each were granted under the STV Group plc Long-Term Incentive Plan ("LTIP").  This plan was approved by shareholders on 29 April 2021. These were awarded to a total of eight employees, including two executive directors as follows:


Simon Pitts, Chief Executive

172,142 shares

Lindsay Dixon, Chief Financial Officer

96,994 shares

 

This plan will vest in three years subject to the continued employment of the participants and the satisfaction of the undernoted performance conditions and will be released following a further holding period of two years from the vesting date:

 

Performance measure

Calibration of targets

Weighting

Threshold vesting

(25% of max)

Maximum vesting

 

Earnings per share growth

Adjusted EPS in FY25

50%

37 pence per share

44 pence per share

Non-broadcast operating profit

Operating profit for non-broadcast activities in FY25

30%

£15.0m

£19.5m

Total shareholder return (TSR)

Ranked position of our share price growth (including dividends) against FTSE Small Cap companies

20%

Median

Upper quartile



2022 Deferred Bonus Plan


A total of 61,637 ordinary shares were granted to a total of seven employees who are participants in the 2022 Deferred Bonus Plan, including two executive directors as detailed below. This plan was approved by shareholders on 29 April 2021.  The shares will be released following a three-year holding period:


Simon Pitts, Chief Executive

24,160 shares

Lindsay Dixon, Chief Financial Officer

11,424 shares





Further enquiries:


Eileen Malcolmson, Company Secretary, STV Group plc             Eileen.malcolmson@stv.tv




 

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